White papers related to "Financial Consolidation"
With embedded support for financial consolidation, the software facilitates compliance with regulatory and financial reporting requirements.
Related to Financial Consolidation: Budgeting, Financial Planning, and Analysis, End-User Query and Reporting, Forecasting, SAP
With careful planning and thoughtful execution, you can use IFRS adoption as a chance to review and improve your financial consolidation and reporting systems and enable rapid legal compliance.
Related to Financial Consolidation: Accounting and Financial Management, Consolidation Statements and Performance Reporting (CS-PR, Aggregation), Enterprise Accounting, Regulatory and Compliance, Tax Preparation and Reporting, SAP
Companies must seriously consider implementing packaged applications that can handle the complexities of multinational financial consolidation and reporting. Here an example of a mid-sized company in the U.K. that addressed its multinational consolidation requirements with Oracle help. As one of the world largest auction houses, with 50 subsidiaries globally, the company needed a better way to consolidate its monthly financial results.
Related to Financial Consolidation: Accounting and Financial Management, Best Practices, Business Intelligence (BI), Business Performance Management (BPM), Business Process Management, Communications, Infrastructure, and Transportation Planning, Customer Relationship Management (CRM), Customer Service and Support, Data Management and Analysis, Database Management System (DBMS), Enterprise Performance Management (EPM)/Balanced Scorecard, Enterprise Resource Planning (ERP), IT Solutions Architecture, Management Practices, Marketing Automation, Office Application and Automation, Project Portfolio Management (PPM), Software Selection, Statistical Data Analysis, Supply Chain Management (SCM), Systems Integration, Technology Tools and Methods, Oracle | Hyperion, Administrative and Support and Waste Management and Remediation Services, Finance and Insurance, Health Care and Social Assistance, Manufacturing, Professional, Scientific, and Technical Services, Public Administration, Retail Trade
SAP covers the full spectrum of requirements for performing your financial consolidation with our applications.
Related to Financial Consolidation: Accounting and Financial Management, Business Performance Management (BPM), Compliance Management/Sarbanes-Oxley Compliance, Consolidation Statements and Performance Reporting (CS-PR, Aggregation), Regulatory and Compliance, Risk Management, Tax Compliance, SAP
within statutory reporting and within financial consolidation. So most of the solutions out there today do facilitate multidimensions or multiple views of information that conserve statutory reporting purposes. And theyre very strong...all of the financial consolidation solutions that I see out there today are very strong in terms of statutory reporting.
Related to Financial Consolidation: Business Performance Management (BPM), IBM
The Setup Phase In comparing the two setup phases, it clear that more steps are required in the case of a financial consolidation and reporting solution. Although some of these steps are complex, they serve the dual purpose of helping to prepare for the consolidation.
Related to Financial Consolidation: Accounting and Financial Management, Business Intelligence (BI), Business Performance Management (BPM), Compliance Management, Compliance Management/Sarbanes-Oxley Compliance, Enterprise Performance Management (EPM)/Balanced Scorecard, Payment, Clearing and Settlement Systems, Regulatory and Compliance, SAP
Enterprise resource planning (ERP) technology will be a key enabler in the transition to IFRS, and for the financial consolidation and reporting process in particular. Companies should focus on the technology areas supporting IFRS transition: financial consolidation and reporting systems, the general ledger (GL) , subledgers, and financial data entry systems.
Related to Financial Consolidation: Accounting and Financial Management, Accounts Payable (A/P), Accounts Receivable (A/R), Business Process Management, Enterprise Management, Enterprise Resource Planning (ERP), Executive Views, General Ledger, Government and Legal, Management Practices, Multinational Accounting, Standards and Compliance, Tax Compliance, Technology Evaluation Centers, Manufacturing
These types of applications, along with financial consolidation and reporting, play the largest role in globalization. Our findings confirm these priorities (Table 4); 42% of respondents have financial consolidation and reporting implemented and another 43% are planning to implement such functionality in one to two years.
Related to Financial Consolidation: Collaborative Planning and Scheduling (CPS), Enterprise Resource Planning (ERP), Global Logistics Solution (GLS), International Trade Logistics (ITL), Order Management, Production and Supply Planning, Profit Optimization, Supply Chain Management (SCM), SAP
Following is a compilation of survey results on where change is supported architecturally by each of the three vendors, in each of the five identified "business change" areas: Complying to New Regulations Agresso Oracle SAP Makes changes to new regulations introduced by the government Makes changes required to compare new and old reporting standards Makes changes to the way additional cost is organized or split Changes the structure
Related to Financial Consolidation: Enterprise Resource Planning (ERP), Migration and Version Maintenance Services, Technology Evaluation Centers
This market has moved from singular point solutions provided by many vendors, such as financial consolidation or planning and budgeting, to fewer vendors providing a suite of EPM products.
Related to Financial Consolidation: Business Performance Management (BPM), Software Selection, IBM
Extensity approach which enables a single version of data to be shared across management processes such as strategy management, budgeting, reporting, forecasting, financial consolidation, and more helps organizations transform activities such as budgeting into
Related to Financial Consolidation: Budgeting, Financial Planning, and Analysis, Enterprise Performance Management (EPM)/Balanced Scorecard, Management Practices, Strategy, Infor
With sales in over 150 countries, and multiple distribution channels, VF Corp needed more visibility into and more control over its financial consolidation process.
Related to Financial Consolidation: Business Intelligence (BI), Business Performance Management (BPM), Data Management and Analysis, Data Quality, Data Warehouse, Enterprise Performance Management (EPM)/Balanced Scorecard, Spreadsheet, Infor
Thus, a company might decide to have the central system may do much of the financial consolidation work while leaving local financial transaction processing to be done more efficiently by local ERP or other financial systems.
Related to Financial Consolidation: IT Infrastructure, Production and Supply Planning, Supply Chain Event Management, Supply Chain Management (SCM), Supply Chain Optimization, Epicor, Manufacturing, Retail Trade, Transportation and Warehousing
The advantages of this approach include the sharing of financial resources, quicker and more accurate financial consolidation, and increased speed in complying with legal and regulatory changes.
Related to Financial Consolidation: Accounting and Financial Management, Compliance Management/Sarbanes-Oxley Compliance, Strategy, SAP, Finance and Insurance
Is it a workflow package? A tool for sales force automation? A tool to manage your help desk? For automation of professional services delivered by, for example, consultants? An HRM package? An item management package? A tool for document management? For financial consolidation? A Web publishing tool? A corporate portal? An e-business package? As unbelievable as it sounds, the response to each of these questions should be Yes.
Related to Financial Consolidation: Accounting and Financial Management, Business Process Management, Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Human Resources, Project and Process Management, Exact, Information, Management of Companies and Enterprises